Jan. 22 at 5:47 AM
There's been some talk about 'swim lanes' and I wanted to share what I found in the charts of different timeframes for 1 of my 10 holdings;
$GUT (read top row left to right, then bottom row left to right for longest to shortest of the 6 charted timeframes).
2nd chart is the maximized view of the middle chart on the bottom row showing what appears to be 'swim lanes' since last summer (as shown on the 9 month daily chart). The High of
$6.20 on 7/23 and subsequent lows as early as 6 days later on 7/29 of
$6.05 - 5.90 with a close @
$5.98 and, BTW that's just the first step down, only to the middle of the 'swim lanes', a range of about
$0.22 in 6 days or 4 months of dividends @
$0.05/share.
Um, 4 months of dividends in 6 days? Hello!
It's all 'coulda, woulda, shoulda', though.
about 1 month later on or around 8/21 there was a bit of a green candle that opened $.04 above the 8/20 close @
$5.84 and closed near the day's high @
$5.91, or about 1.4 months worth of dividends.
Where are we now?
